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Topic: Scam Coin On PANCAKESWAP - page 5. (Read 936 times)

member
Activity: 882
Merit: 17
May 05, 2021, 07:10:51 AM
#63
if you are familiar with Uniswap and knows the amount of scam coins been listed on it. you should know that same is obtainable in pancake. both platform are AMM. everyone is allow to list on it. you should be careful on what you want to buy. make sure you know the smart contract address. with this, you will get the real token to buy. there are also fake stablecoin in pancake.
full member
Activity: 504
Merit: 104
May 05, 2021, 07:07:46 AM
#62
PANCAKESWAP is a fairly new crypto exchange. Many new cryptocurrencies are introduced there everyday.

Are you any scam coins on this site? Anybody faced any scam coins there before?
I would not say that this is a new crypto exchange. It has been working for quite a long time. As for fraudulent coins, it's hard to say, because you can't keep up with how many new ones appear there. I think they should have some kind of verification, some kind of contract with the creators of these coins
sr. member
Activity: 728
Merit: 250
May 03, 2021, 09:21:30 AM
#61

The problem is that as far as I know everybody can list a token there.
There will never be a validation to the project listed on pancake swap. Any scam coin can be listed on pancakeswap easily. You must take a look at dogelon, mrat and so many garbage coins being issued on daily basis on pancake swap consider the fees are so cheap to do it.
Pancake is not a centralized exchange site that is fully controlled by the developers.

Ok so that is the same process as with Forkdelta correct? You also have to be careful there to not use the wrong contract address or buy a shitcoin accidentally.
So it sis up to us to pay attention to fall for the traps the scammers put out there!
copper member
Activity: 550
Merit: 10
May 02, 2021, 11:09:30 AM
#60
PANCAKESWAP is a fairly new crypto exchange. Many new cryptocurrencies are introduced there everyday.

Are you any scam coins on this site? Anybody faced any scam coins there before?

This exchanger is brand new. Not long ago it came to the market. Even so, owning one is still beyond the reach of the average person. There are a lot of scam project lists in this exchange these days which is a matter of great concern. Everyone should refrain from such scam projects and encourage others to refrain.
Hopefully, in the future, this exchanger will refrain from listing such scam projects.
member
Activity: 924
Merit: 15
May 02, 2021, 11:02:42 AM
#59
all kinds of new coins pop up there every day scam coins and shitcoin of course very much because apart from easy pancakeswap this is like a public service that everyone can also access.
but in this case of course we have to really filter our own choices in choosing the existing token because I think everyone here already knows how to choose a really good token.
although it doesn't rule out the possibility that everyone must have a scam token but I don't think it's as much as expected because those who really understand can definitely tell the difference
sr. member
Activity: 903
Merit: 391
May 02, 2021, 11:00:30 AM
#58
PANCAKESWAP is a fairly new crypto exchange. Many new cryptocurrencies are introduced there everyday.

Are you any scam coins on this site? Anybody faced any scam coins there before?
A lot of tokens that get rug (i don't know what it called, but some people says rug/rugpul in my country). Need a right strategy to trade new coin in Pancakeswap, for me maybe if you get profit don't hold it longer. Although some coins is success and jump a lot of percent, but not a few which scam and make people lose. So for me, better to gain little profit than face big losses.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
May 02, 2021, 10:54:38 AM
#57

The problem is that as far as I know everybody can list a token there.
There will never be a validation to the project listed on pancake swap. Any scam coin can be listed on pancakeswap easily. You must take a look at dogelon, mrat and so many garbage coins being issued on daily basis on pancake swap consider the fees are so cheap to do it.
Pancake is not a centralized exchange site that is fully controlled by the developers.
hero member
Activity: 1064
Merit: 639
May 02, 2021, 10:49:39 AM
#56
Are you any scam coins on this site? Anybody faced any scam coins there before?
No, it never happened to me!
Because whenever I have to search for a token, I do not write its name on such exchanges as I always try to search by its smart contract address.
You may want to do the same if you want to avoid any scam
full member
Activity: 896
Merit: 100
May 02, 2021, 10:43:33 AM
#55
PANCAKESWAP is a fairly new crypto exchange. Many new cryptocurrencies are introduced there everyday.

Are you any scam coins on this site? Anybody faced any scam coins there before?

That's true there's a lot of scamcoin on pancakeswap mostly are DeFi coins but I don't think they have review it before listing the best thing to do is to do your own research and be a responsible investor in that way there will be a low chance that you will be a victim of a scam or shit tokens.
every day there are new BSC tokens that are FOMO in several telegram groups. without a clear product, it is very stupid I think some people put their money from hundreds of dollars to millions of dollars.
new people were targeted. because most projects are more active in promoting on social media.
hopefully, there won't be more scammers scamming people in the market. because it can cause negative sentiment to the market.
sr. member
Activity: 728
Merit: 250
May 02, 2021, 10:43:03 AM
#54
PANCAKESWAP is a fairly new crypto exchange. Many new cryptocurrencies are introduced there everyday.

Are you any scam coins on this site? Anybody faced any scam coins there before?

The problem is that as far as I know everybody can list a token there. I don't think there is any scrutiny as for the validity of a project. You should make sure you check it out thoroughly before connecting your wallet and adding any smart contract from some unknown project and trade the token without exactly knowing what you are doing.
full member
Activity: 910
Merit: 101
May 02, 2021, 10:42:29 AM
#53
There will also be fake coins, the most important thing is that we examine before making a transaction at least we look at the address first to ensure its correctness, lest we have transacted it turns out that the address is fake.
sr. member
Activity: 1120
Merit: 256
May 02, 2021, 10:33:40 AM
#52
PANCAKESWAP is a fairly new crypto exchange. Many new cryptocurrencies are introduced there everyday.

Are you any scam coins on this site? Anybody faced any scam coins there before?

That's true there's a lot of scamcoin on pancakeswap mostly are DeFi coins but I don't think they have review it before listing the best thing to do is to do your own research and be a responsible investor in that way there will be a low chance that you will be a victim of a scam or shit tokens.
legendary
Activity: 3052
Merit: 1281
Get $2100 deposit bonuses & 60 FS
May 02, 2021, 10:27:43 AM
#51
As a decentralized exchange, scam coin plague it but PancakeSwap gives reminders and notification to users especially when the token is recently created.  Aside from that, there is also another scam that mimics the name and the ticker of the coins misleading unsuspecting traders into buying them.  So PancakeSwap always reminds us to check the contract address if it is from the right/original project.
full member
Activity: 882
Merit: 110
May 02, 2021, 10:26:07 AM
#50
PANCAKESWAP is a fairly new crypto exchange. Many new cryptocurrencies are introduced there everyday.

Are you any scam coins on this site? Anybody faced any scam coins there before?
be careful with coins that are listed on Pancakeswap, because what we know is that the coins on Pancakeswap are not 100% prospects. sseknow we can know that from the wap volume on the pancake swap can be detected whether the coin is good or the coin scam.
sr. member
Activity: 938
Merit: 250
The First Idle Defense Blockchain Game
May 02, 2021, 10:23:34 AM
#49
it seems very easy for scammers to get their BSC tokens traded there. This could be bad for BNB as we have seen how this market has been crushed by many scammers. there is no control for them, we have to be more selective in choosing projects that are not clear.
full member
Activity: 532
Merit: 104
May 02, 2021, 10:18:47 AM
#48
Pancake is a decentralized exchange so any crypto on the BSC can list and add liquidity. Fraudulent projects appear everywhere. I noticed a lot of scam projects on Uniswap in the past and now they will appear on Pancake more. The reason is that transaction fees on Pancake are lower and users are migrating to projects on BSC more.
Be careful with the cryptocurrencies you are going to buy and double-check the contract address.
sr. member
Activity: 1246
Merit: 252
May 02, 2021, 10:10:12 AM
#47
I've experienced a scam on pancakes due to obscure tokens. now there are so many tokens every day that are indicated as scam.
but because of the high attractiveness of people to be able to get profits quickly, the demand for it is still quite high. The desire for high profits is what makes people dare to make high-risk investment bets
full member
Activity: 431
Merit: 100
May 02, 2021, 09:34:14 AM
#46
If you really know in detail what you are going to buy or invest in, you will not encounter fraud in it. Nothing new about decentralized exchanges as there are restrictions for each person to contract, the problem is that there are some people taking advantage of the situation to clone good projects and commit fraud.
member
Activity: 182
Merit: 14
May 02, 2021, 09:28:14 AM
#45
Every dex platforms have scam tokens on them, even uniswap and others like pancakeswap have scam tokens, what scammers do is create tokens that are identical to an original tokens, with same name and different smart contract they can list on Dex and make newbies buy them, this is why Dex is dangerous for newbies
member
Activity: 573
Merit: 30
May 02, 2021, 09:12:34 AM
#44
Pancakeswap is a Decentralized Exchange and this allows series of fake projects list and provide liquidity on it and can also withdraw the liquidity at anytime they like. Since the emergence of the SAFEMOON, SAFEMARS and the likes, series of scam shit coins have been listed on Pancakeswap only for them to be used as a means of stealing people's funds.
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